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Bethan Wilkins

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AHDB Pork Market Intelligence

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Slowdown in EU prices eases

Home \ Prices & Stats \ News \ 2014 \ November \ Slowdown in EU prices eases

In the 4-week period ended 16 November, EU pig prices fell by almost €2 to €141.11 per 100kg. The EU pig price stood at its lowest point since February 2011 but the decline has slowed in recent weeks, following the sharp falls in September and October.

In the 4-week period ended 16 November, EU pig prices fell by almost €2 to €141.11 per 100kg. The EU average pig price stood at its lowest point since February 2011 but the decline has slowed in recent weeks, following the sharp falls in September and October. These were due to an increased supply of pigs, resulting in a growing pig meat surplus on the continent following the Russian import ban. The latest EU weekly average pig price was around €29 lower compared with the same point in 2013.  As the rate of decline in the EU pig price slows, the gap between the UK and EU price has started to decrease in recent weeks. For the week ended 16 November, the difference between the two prices stood at €42, down from a record €49 five weeks before.

EU Average Pig Reference Price

The slowdown in the average price decline is a result of stability across the key markets. The German pig price was virtually unchanged during the four weeks ending 16 November. This was a result of an improvement in processor demand and some reduction of supply from the high levels earlier in the autumn. Pig prices in Ireland showed a similar picture, whereby quotations increased by just 9 cents per 100kg. Belgium, Denmark and the Netherlands all recorded small increases, of between €1 and €2, in their finished pig prices in the same period. In contrast, further south and east prices were still declining. Countries with falling prices included Spain (down €6), France (down €1) and Poland (down €5).